Offering tailored supermarket insurance solutions
The supermarket industry is highly competitive and the market is worth over $100 billion in Australia. While the major players continue to feature heavily in the market, there are also smaller, independently-owned specialty stores which cater for varied demographics. The industry continues to grow with trends such as online ordering and delivery offering consumers better access to products and greater convenience. In such a competitive space, a rigorous risk management strategy around insurance is essential.
GSK Insurance has significant experience in providing insurance solutions for our clients in the supermarket industry. We have access to a range of insurers which allows us to find the policies which best address your risk exposures and minimise potential loss in the future.
What do you need to know?
The senior brokers at GSK understand the risks faced by businesses in the supermarket industry and we’re best placed to advise you on the correct level of cover. We have a close relationship with a range of leading insurers which allows us to access policies which are worded to suit the needs of our clients. We believe that just like every business is unique, so too should be your insurance cover.
Who should consider it?
Businesses in the supermarket industry are faced with a myriad of risks and require robust cover to mitigate these. Whether you are part of a large commercial supermarket chain or run a small, family owned operation, you require the protection of insurance. The risks you face include customers or employees injuring themselves in your supermarket, harm caused by the products you sell, and the health and safety of employees. There are also logistical risks involved in the transport and storage of goods, which often includes the requirement for employees to work at heights. There are also risks involved with owning a commercial property, such as fire and storm damage, which could cause significant interruption to your business.
What can it cover?
When it comes to selecting your supermarket insurance package, there are a number of factors which need to be considered such as the annual turnover of your business, the number of employees, and the size of your business. The cover which can typically be included in your supermarket insurance package include:
- Public and Product Liability
- Machinery Breakdown
- Theft and Property Damage
- Workers Compensation
- Cyber Insurance
- Business Interruption
- Glass Cover
- Commercial Property
- Electronic Equipment
What isn’t covered?
The exclusions that will apply to your supermarket insurance package will depend on your specific policy and it’s important that you understand the cover limitations. For more information, speak to your GSK broker.
GSK Insurance Brokers are one of Australia’s leading insurance brokerages and we pride ourselves on our focus on exceptional customer service. We offer a selection of insurance packages which cater directly to the needs of our clients and we aim to provide quality cover at a competitive price.
To find out more about supermarket insurance, contact GSK Insurance Brokers today.